AB925: Bill Text

Note: Replaces parentheses consistent with current style, divides long sentence and replaces improperly used "which".

AB925, s. 123 Section 123. 700.17 (3) of the statutes is amended to read:

AB925,57,6 700.17 (3) Characteristics of tenancy in common. Each of 2 or more tenants in common has an undivided interest in the whole property for the duration of the tenancy. There is no right of survivorship incident to a tenancy in common;, but a remainder may be created to vest ownership in the survivor of several persons who own as tenants in common other preceding interests (, such as a life interest), in the same property.

Note: Replaces parentheses and punctuation consistent with current style.

AB925, s. 124 Section 124. 700.22 (1) of the statutes is renumbered 700.22 (1) (a) and amended to read:

AB925,57,12 700.22 (1) (a) Nothing in ss. 700.17 to 700.21 governs the determination of rights to In this subsection, "deposits (including" include checking accounts or instruments deposited therein into or drawn thereon on checking accounts, savings accounts, certificates of deposit, investment shares or any other form of deposit).

AB925,57,15 (b) Nothing in ss. 700.17 to 700.21 governs the determination of rights to deposits in banks, building and loan associations, savings banks, savings and loan associations, credit unions or other financial institutions.

Note: Subdivides provision and reorders text to accommodate the replacement of parentheses and for improved readability and conformity with current style.

AB925, s. 125 Section 125. 701.13 (3) of the statutes is amended to read:

AB925,58,5 701.13 (3) Termination. In the case of a living trust where the whose settlor is deceased and in the case of any testamentary trust, regardless in either case of spendthrift or similar protective provisions, a court with the consent of the trustee may order termination of the trust, in whole or in part, and the distribution of the assets that it considers appropriate if the court is satisfied that because of any substantial reason existing at the inception of a testamentary trust or, in the case of any trust, arising from a subsequent change in circumstances (, including but not limited to the amount of principal in the trust, income produced by the trust and the cost of administering the trust), continuation of the trust, in whole or in part, is impractical. In any event, if the trust property is valued at less than $50,000, the court may order termination of the trust and the distribution of the assets that it considers appropriate.

Note: Replaces parentheses consistent with current style. "Where" is replaced as it does not denote place.

AB925, s. 126 Section 126. 701.13 (5) of the statutes is renumbered 701.13 (5) (b), and 701.13 (5) (b) (intro.), 1., 2. and 3., as renumbered, are amended to read:

AB925,58,9 701.13 (5) (b) (intro.) Subsections (2) and (3) do not apply to a trust where under which a future interest is indefeasibly vested in any of the following:

AB925,58,10 1. The United States or a political subdivision for exclusively public purposes;.

AB925,58,18 2. A corporation that is organized exclusively for religious, charitable, scientific, literary or educational purposes, including the encouragement of art and the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private shareholder or individual and no substantial part of the activities of which is carrying on propaganda or otherwise attempting to influence legislation, and which that does not participate or intervene in (including the publishing or distributing of statements) any political campaign on behalf of any candidate for public office;.

AB925,59,5 3. A trustee or a fraternal society, order or association operating under the lodge system, provided the principal or income of such trust is to be used by such trustee or by such fraternal society, order or association exclusively for religious, charitable, scientific, literary or educational purposes or for the prevention of cruelty to children and animals, and no substantial part of the activities of such trustee or of such fraternal society, order or association is carrying on propaganda or otherwise attempting to influence legislation, and such trustee or such fraternal society, order, or association does not participate or intervene in (including the publishing or distributing of statements) any political campaign on behalf of any candidate for public office; or.

Note: To remove parentheses, the material contained in the parentheses is moved to a separate definition provision by the next section of this bill. Replaces punctuation consistent with current style and "where" is replaced as it is not used to denote place. See the next section of the this bill.

AB925, s. 127 Section 127. 701.13 (5) (a) of the statutes is created to read:

AB925,59,8 701.13 (5) (a) In this subsection, "participate or intervene in any political campaign" includes the publishing or distributing of statements.

Note: See the previous section of this bill.

AB925, s. 128 Section 128. 701.19 (4) (intro.) and (a) to (d) of the statutes are renumbered 701.19 (4) (am) (intro.) and 1. to 4., and 701.19 (4) (am) 4., as renumbered, is amended to read:

AB925,59,14 701.19 (4) (am) 4. As to For the period of time for which the business may be conducted and such any other conditions, restrictions, regulations, requirements and authorizations as the court orders.

Note: The subject matter of s. 701.19 (4) (e) does not correspond to, nor does it fit grammatically within, the list of persons under s. 701.19 (4) (intro.), and accordingly the provision is renumbered to separate par. (e) from that list. "As to" and "such" are replaced to improve clarity.

AB925, s. 129 Section 129. 701.19 (4) (e) of the statutes is amended to read:

AB925,59,19 701.19 (4) (e) Nothing in this subsection shall be construed as requiring a trustee to liquidate a business, including a business operated as a closely held corporation, when such action liquidating the business is not required by the creating instrument or other applicable law.

Note: Inserts specific reference to improve clarity and readability.

AB925, s. 130 Section 130. 701.20 (4) (c) (intro.) of the statutes is amended to read:

AB925,60,4 701.20 (4) (c) (intro.) On termination of an income interest, the following amounts shall be classified as income and treated as if received prior to the termination.:

Note: Inserts correct punctuation.

AB925, s. 131 Section 131. 701.20 (4) (d) 2. of the statutes is amended to read:

AB925,60,9 701.20 (4) (d) 2. Income Except for corporate distributions to stockholders, income in the form of periodic payments (other than corporate distributions to stockholders), including interest, rent and annuities, shall be treated as accruing from day to day.

Note: Reorders text to eliminate the need for parentheses, consistent with current style.

AB925, s. 132 Section 132. 701.20 (5) (b) 1. of the statutes is renumbered 701.20 (5) (b) 1. (intro.) and amended to read:

AB925,60,15 701.20 (5) (b) 1. (intro.) To legatees and devisees of specific property other than money, the income from the property bequeathed or devised to them less any of the following recurrent and other ordinary expenses attributable to the specific property: property

AB925,60,16 a. Property taxes (, excluding taxes prorated to the date of death), interest (.

AB925,60,17 b. Interest, excluding interest accrued to the date of death), income.

AB925,60,20 c. Income taxes (, excluding taxes on income in respect of a decedent, capital gains and any other income taxes chargeable against principal) which, that accrue during the period of administration, ordinary.

AB925,60,22 d. Ordinary repairs, and other expenses of management and operation of the property.

Note: Subdivides provision in outline form, replaces parentheses, replaces incorrectly used "which" and deletes comma for improved readability and conformity with current style.

AB925, s. 133 Section 133. 703.02 (15) of the statutes is amended to read:

AB925,61,5 703.02 (15) "Unit" means a part of a condominium intended for any type of independent use, including one or more cubicles of air at one or more levels of space or one or more rooms or enclosed spaces located on one or more floors (, or parts thereof), in a building. A unit may include 2 or more noncontiguous areas.

Note: Replaces parentheses consistent with current style.

AB925, s. 134 Section 134. 704.29 (2) of the statutes is renumbered 704.29 (2) (a) and amended to read:

AB925,61,13 704.29 (2) (a) In any claim against a tenant for rent and damages, or for either, the amount of recovery is reduced by the net rent obtainable by reasonable efforts to rerent the premises. Reasonable this subsection, "reasonable efforts" mean those steps which that the landlord would have taken to rent the premises if they had been vacated in due course, provided that such those steps are in accordance with local rental practice for similar properties.

AB925,62,8 (b) In any claim against a tenant for rent and damages, or for either, the amount of recovery is reduced by the net rent obtainable by reasonable efforts to rerent the premises. In the absence of proof that greater net rent is obtainable by reasonable efforts to rerent the premises, the tenant is credited with rent actually received under a rerental agreement minus expenses incurred as a reasonable incident of acts under sub. (4), including a fair proportion of any cost of remodeling or other capital improvements. In any case the landlord can recover, in addition to rent and other elements of damage, all reasonable expenses of listing and advertising incurred in rerenting and attempting to rerent (, except as taken into account in computing the net rent under the preceding sentence). If the landlord has used the premises as part of reasonable efforts to rerent, under sub. (4) (c), the tenant is credited with the reasonable value of the use of the premises, which is presumed to be equal to the rent recoverable from the defendant unless the landlord proves otherwise. If the landlord has other similar premises for rent and receives an offer from a prospective tenant not obtained by the defendant, it is reasonable for the landlord to rent the other premises for the landlord's own account in preference to those vacated by the defaulting tenant.

Note: Subdivides provision to properly locate a definition, replaces parentheses and replaces improperly used "which" and disfavored term consistent with current style.

AB925, s. 135 Section 135. 706.001 (title) of the statutes is created to read:

AB925,62,10 706.001 (title) Scope and construction.

Note: The nondefinition statutes in s. 706.01 are renumbered s. 706.001. The definitions in s. 706.01 require a separate section, in accordance with current style.

AB925, s. 136 Section 136. 706.01 (title) of the statutes is repealed.

Note: Section 706.01 contained nondefinitions and definitions. The nondefinitions are being renumbered to s. 706.00l. The new title for 706.01 is created in the next section of this bill.

AB925, s. 137 Section 137. 706.01 (intro.) of the statutes is created to read:

AB925,62,13 706.01 Definitions. (intro.) In this chapter:

Note: Creates an (intro.) that explicitly limits existing definitions to the chapter in accordance with current style.

AB925, s. 138 Section 138. 706.01 (1) to (3) of the statutes are renumbered 706.001 (1) to (3).

Note: Separates the nondefinitions in this section into a separate section in accordance with current style by renumbering them into a new section.

AB925, s. 139 Section 139. 706.01 (4) to (7m) (intro.) and (10) of the statutes are amended to read:

AB925,63,3 706.01 (4) A "conveyance" is "Conveyance" means a written instrument, evidencing a transaction governed by this chapter, which that satisfies the requirements of s. 706.02.

AB925,63,9 (5) "Conveyance of mineral interests" means any transaction under sub. s. 706.001 (1) entered into for the purpose of determining the presence, location, quality or quantity of metalliferous minerals or for the purpose of mining, developing or extracting metalliferous minerals, or both. Any transaction under sub. s. 706.001 (1) entered into by a mining company is rebuttably presumed to be a conveyance of mineral interests.

AB925,63,15 (6) "Grantor" means the person from whom an interest in lands passes by conveyance and includes, including, without limitation, lessors, vendors, mortgagors, optionors, releasors, assignors and trust settlors of interest in lands. "Grantee", and "grantee" means the person to whom such the interest in land passes. Whenever consistent with the context, reference to the interest of a party includes the interest of the party's heirs, successors, personal representatives and assigns.

AB925,63,18 (7) "Homestead", as used in this chapter, means the dwelling, and so much of the land surrounding it as is reasonably necessary for use of the dwelling as a home, but not less than one-fourth acre (, if available), and not exceeding 40 acres.

AB925,63,20 (7m) (intro.) "Interest in minerals" means any fee simple interest in minerals beneath the surface of land which that is:

AB925,63,23 (10) "Signed" includes any handwritten signature or symbol on a conveyance intended by the person affixing or adopting the same signature or symbol to constitute an execution of the conveyance.

Note: Specific references are added, parentheses replaced and other modifications made to improve readability and conformity with current style. Replaces improperly used "which". Section 706.01 (1) is renumbered s. 706.001 (1) by this bill.

AB925, s. 140 Section 140. 706.02 (1) (intro.) of the statutes is amended to read:

AB925,64,3 706.02 (1) (intro.) Transactions under s. 706.01 706.001 (1) shall not be valid unless evidenced by a conveyance which that satisfies all of the following:

Note: Section 706.01 (1) is renumbered s. 706.001 (1) by this bill. Replaces improperly used "which" and conforms to current style.

AB925, s. 141 Section 141. 706.07 (5) (a) 1. and 3. of the statutes are amended to read:

AB925,64,5 706.07 (5) (a) 1. A judge, clerk, or deputy clerk of a court;.

AB925,64,6 3. An officer of the foreign service or consular officer of the United States; or.

Note: Replaces punctuation for internal consistency and conformity with current style.

AB925, s. 142 Section 142. 706.08 (1) (a) of the statutes is amended to read:

AB925,64,12 706.08 (1) (a) Every conveyance (except Except for patents issued by the United States or this state, or by the proper officers of either) which, every conveyance that is not recorded as provided by law shall be void as against any subsequent purchaser, in good faith and for a valuable consideration, of the same real estate or any portion thereof of the same real estate whose conveyance shall first be duly is recorded first.

Note: Reorders text to eliminate the need for parentheses and replaces improperly used "which", deletes "duly" as being superfluous and inserts specific reference for improved readability and conformity with current style.

AB925, s. 143 Section 143. 708.10 (1) (g) of the statutes is amended to read:

AB925,64,17 708.10 (1) (g) "Transaction" means a transaction under s. 706.01 706.001 (1), including a refinancing of an existing indebtedness that is secured by a mortgage on real property, except that "transaction" does not include an open end credit plan as defined under 15 USC 1602 (i).

Note: Section 706.01 (1) is renumbered s. 706.001 (1) by this bill.

AB925, s. 144 Section 144. 765.02 (2) of the statutes is amended to read:

AB925,65,9 765.02 (2) If a person is between the age of 16 and 18 years, a marriage license may be issued with the written consent of the person's parents, guardian, custodian under s. 767.23 (1) or 767.24, or parent having the actual care, custody and control of the person. The written consent must be given before the county clerk under oath, or certified in writing and verified by affidavit (or affirmation) before a notary public or other official authorized to take affidavits. The written consent shall be filed with the county clerk at the time of application for a marriage license. If there is no guardian, parent or custodian or if the custodian is an agency or department, the written consent may be given, after notice to any agency or department appointed as custodian and hearing proper cause shown, by the court having probate jurisdiction.

Note: Deletes unnecessary parentheses.

AB925, s. 145 Section 145. 765.05 of the statutes is amended to read:

AB925,65,20 765.05 Marriage license; by whom issued. No person may be joined in marriage within this state until a marriage license has been obtained for that purpose from the county clerk of the county in which one of the parties has resided for at least 30 days immediately prior to making application therefor. If both parties are nonresidents of the state, the marriage license may be obtained from the county clerk of the county where the marriage ceremony is to be performed. If one of the persons is a nonresident of the county where the marriage license is to issue, the nonresident's part of the application may be completed and sworn to (or affirmed) before the person authorized to accept such marriage license applications in the county and state in which the nonresident resides.

Note: Deletes unnecessary parentheses and inserts specific reference.

AB925, s. 146 Section 146. 765.09 (3) of the statutes is renumbered 765.09 (3) (a) and amended to read:

AB925,66,10 765.09 (3) (a) Each party applicant for a marriage license shall present satisfactory, documentary proof of identification and residence and shall swear ( to or affirm) to the application before the clerk who is to issue the marriage license or the person authorized to accept such marriage license applications in the county and state where the party resides. The application shall contain the social security number of each party, as well as any other informational items that the department of health and family services directs. The portion of the marriage application form that is collected for statistical purposes only shall indicate that the address of the marriage license applicant may be provided by a county clerk to a law enforcement officer under the conditions specified under s. 765.20 (2).

AB925,66,20 (b) Each applicant for a marriage license under 30 years of age shall exhibit to the clerk a certified copy of a birth certificate, and any applicants each applicant shall submit a copy of any judgments judgment or a death certificate affecting the applicant's marital status. If such any applicable birth certificate, death certificate or judgment is unobtainable, other satisfactory documentary proof of the requisite facts therein may be presented in lieu thereof of the birth certificate, death certificate or judgment. Whenever the clerk is not satisfied with the documentary proof presented, he or she shall submit the same, for an opinion as to the sufficiency of the proof, presented proof to a judge of a court of record in the county of application for an opinion as to its sufficiency.

Note: Subdivides long subsection. Deletes unnecessary parentheses, changes plural word forms to the singular, inserts specific references and reorders text for improved readability and conformity with current style.

AB925, s. 147 Section 147. 765.16 (intro.) and (1) to (3) of the statutes are amended to read:

AB925,67,6 765.16 Marriage contract, how made; officiating person. (intro.) Marriage may be validly solemnized and contracted in this state only after a marriage license has been issued therefor, and only in the following manner: by the mutual declarations of the 2 parties to be joined in marriage that they take each other as husband and wife, made before a duly an authorized officiating person and in the presence of at least 2 competent adult witnesses other than such the officiating person, that they take each other as husband and wife. The following are duly authorized to be officiating persons: